Authorised Company (AC)
Citizenship Test
Conduct of Business Test
The corporation proposes to conduct business principally outside Mauritius or with such category of persons as may be specified in FSC Rules.
An AC must have at all times a registered agent in Mauritius which shall be a management company.
To set up an Authorised Company in Mauritius, it is required that the company’s (other than a bank) majority of shares, rights to vote, legal or beneficial interest are detained or controlled by a person or a group of people who are not Mauritian citizens.
An Authorised Company is also required to appoint a registered agent in Mauritius. Management Companies are specifically commissioned to act as permanently- registered agent, and are responsible for the administration of the company.
Their duties towards these companies include:
- filing of return of income with the Mauritius Revenue Authority (MRA);
- filing of a financial summary with the FSC;
- filing of any document required under relevant Acts;
- safekeeping of records (board minutes and resolutions, transaction records and
such other documents as required by the FSC); and - undertaking measures to combat money laundering and terrorist financing,
and any other related offences as specified by the FSC.
Antrix Corporate Solutions undertakes all your Authorised Company requirements
Tax Features
Authorised Company Licences
Authorised Companies are appropriate for activities such as:
Investment Holding
Property Holding
International Trade
Management & Consultancy
IT Services
One-off transaction using a Special Purpose Vehicle
Logistics
Shipping and ship Management
Authorised Companies are not allowed to perform the following activities:
Financial services, including banking
Holding, managing, or dealing with a Collective Investment Scheme (or Fund) as a professional administrator
Providing registered office facilities, or nominee, directorship and secretarial services, or other services to corporations
Providing trusteeship services
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Authorised Company (AC)
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